Jean-Pierre Raffarin

It's a different outlook, and one that I understand. When you are a former member of the Warsaw Pact, when you have lived behind the Berlin Wall, when you have experienced the communist systems that existed in these countries, for them, the West represents hope.

I don't think fashion has to change every five minutes. I'd like these to be clothes you can wear for a long time - ten, 20 years; pass on to your daughter. Why buy vintage when you can open your own closet!

My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.